Global Disinfection Cap Market projected to grow at a CAGR of 8.4% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Disinfection Cap Market by Type (Double Caps System, Single Cap System), Application (Blood Collection, Transfusion of Blood, Infusion), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027.
The global disinfection cap market is expected to grow from USD 0.83 billion in 2019 to USD 1.58 billion by 2027, at a CAGR of 8.4% during the forecast period 2020-2027. Europe has the largest market share due to a rise in the prevalence of hospital-acquired infections. Increased number of patients due to hospital-acquired infections in this region are driving the growth of the disinfection cap market.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Key players in the disinfection cap market are 3M, Merit Medical Systems, BD and ICU Medical. Companies are emphasizing more on technological innovations and advancements to sustain in the competitive market. Key players are focusing more on research and development in order to launch new products and to acquire larger market shares globally.
The type segment includes double caps system and single cap system. Double caps system is expected to show the highest growth over the forecast period. Double caps system blocks isopropyl alcohol which can enter in patient’s bloodstream. Sealing cone stops it by blocking the fluid path. Double caps system is designed to fit securely on needle-free valves. It is easy to handle and can also prevent skin irritations. The application segment includes blood collection, transfusion of blood and infusion. Blood transfusion segment has the largest market share. It is the process to transfer blood products or blood from the donor to the recipient. It is done in order to replace blood products or cells during surgery in case of severe bleeding. It increases the blood count in a lifesaving manoeuvre.
Disinfection cap is used to minimize microorganisms and bacteria as well as to disinfect IV connectors. Geriatric populations, low immunity patients and children faces hospital-acquired infections. Excessive use of antibiotics, lack of proper hygiene and indwelling catheters results in an increased risk. Precautions and sanitation are playing an essential role in driving the demand for disinfection cap.
About the report:
The global disinfection cap market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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